CIBC Increases Superior Plus (SPB) Price Target to C$13.50

Superior Plus (TSE:SPB) had its price objective hoisted by investment analysts at CIBC from C$13.00 to C$13.50 in a report released on Tuesday. CIBC’s price target indicates a potential upside of 13.07% from the company’s current price.

Several other research analysts have also weighed in on the stock. Canaccord Genuity lowered their target price on shares of Superior Plus from C$13.25 to C$13.00 in a research note on Wednesday, November 15th. TD Securities increased their target price on shares of Superior Plus from C$13.00 to C$13.50 and gave the stock a “hold” rating in a research note on Friday, November 10th. Scotiabank increased their target price on shares of Superior Plus from C$13.75 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$13.00 target price on shares of Superior Plus in a research note on Thursday, September 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$13.75.

Superior Plus (SPB) opened at C$11.94 on Tuesday. The firm has a market cap of $1,710.00, a PE ratio of -17.30 and a beta of 0.41. Superior Plus has a 12 month low of C$10.80 and a 12 month high of C$13.34.

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Superior Plus Company Profile

Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.

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